What Are the Benefits of Using the Worker's Housing Financing Facility by BPJAMSOSTEK?
Lower and Stable Interest Rates
Simplified Application Process
Multiple Bank Disbursement Options
Types of housing finance for workers
Housing Ownership Loan (KPR)
Housing Ownership Loan (KPR) is a loan provided by Disbursing Banks to Participants to facilitate home ownership credit with interest subsidy from the Employment Social Security Agency (BPJS Ketenagakerjaan).
- Financing for the purchase of standalone houses or apartment units.
- The maximum KPR amount provided to Participants is IDR 500,000,000 (five hundred million rupiah).
- Maximum credit tenure of 30 years.
- Includes conversion of regular KPR to KPR MLT (Over Credit).
- Must be registered as a Participant for at least 1 (one) year.
- Employer must maintain orderly administrative records and timely contribution payments.
- Does not already own a home, certified by a duly stamped written statement from the Participant.
- Participant must be actively paying contributions.
- Must have received approval from the Employment Social Security Agency (BPJS Ketenagakerjaan) regarding membership requirements.
- In case both husband and wife are Participants, the KPR benefit may only be claimed by one of them.
- A Participant may apply for KPR benefit only 1 (one) time during their membership period.
- Must comply with the terms and conditions applicable at the Disbursing Bank and the Financial Services Authority (OJK).
Housing Renovation Loan (PRP)
Housing Renovation Loan (PRP) is a loan provided by Disbursing Banks to Participants to facilitate housing renovation credit with interest subsidy from the Employment Social Security Agency (BPJS Ketenagakerjaan).
- The loan is used for renovating the Participant's house, verified by a land ownership certificate in the name of the Participant/Participant's spouse and building permit.
- Maximum credit tenure of 15 years.
- The maximum PRP amount provided to Participants is IDR 200,000,000 (two hundred million rupiah.
- Must be registered as a Participant for at least 1 (one) year.
- Employer must maintain orderly administrative records and timely contribution payments.
- Already owns a house to be renovated under the Participant's/Participant's spouse's name.
- Participant must be actively paying contributions.
- Must have received approval from the Employment Social Security Agency (BPJS Ketenagakerjaan) regarding membership requirements.
- In case both husband and wife are Participants, the PRP benefit may only be claimed by one of them.
- A Participant may apply for PRP benefit only 1 (one) time during their membership period.
- Must comply with the terms and conditions applicable at the Disbursing Bank and the Financial Services Authority (OJK).
Housing Advance Loan (PUMP)
Housing Advance Loan (PUMP) is a loan provided by Disbursing Banks to Participants to provide part or all of the housing down payment with interest subsidy from the Employment Social Security Agency (BPJS Ketenagakerjaan).
- Financing for the purchase of standalone houses or apartment units.
- The maximum PUMP amount provided to Participants is IDR 150,000,000 (one hundred fifty million rupiah).
- Maximum credit tenure of 30 years.
- Must be registered as a Participant for at least 1 (one) year.
- Employer must maintain orderly administrative records and timely contribution payments.
- Does not already own a home, certified by a duly stamped written statement from the Participant.
- Participant must be actively paying contributions.
- Must have received approval from the Employment Social Security Agency (BPJS Ketenagakerjaan) regarding membership requirements.
- In case both husband and wife are Participants, the PUMP benefit may only be claimed by one of them.
- A Participant may apply for PUMP benefit only 1 (one) time during their membership period.
- Must comply with the terms and conditions applicable at the Disbursing Bank and the Financial Services Authority (OJK).
Worker Housing Financing Facility/Construction Loan (FPPP/KK)
Workers' Housing Financing Facility (FPPP) is an additional benefit in the form of financing provided to Housing Development Companies that meet the requirements to build standalone houses and/or apartment units that can be purchased or owned by Participants.
- Workers' Housing Financing Facility is provided by Disbursing Banks to Housing Development Companies.
- Maximum credit tenure of 5 years.
- The amount of FPPP benefit is determined based on the Disbursing Bank's feasibility assessment.
- Registered as a Participant of the Employment Social Security Agency (BPJS Ketenagakerjaan).
- Actively paying contributions.
- Must have received approval from the Employment Social Security Agency (BPJS Ketenagakerjaan) regarding membership requirements.
- Must be a state-owned enterprise, regional-owned enterprise, or private enterprise in the form of a limited liability company.
- Availability of unencumbered land for the construction of Workers' Housing.
- The Housing Development Company has enrolled itself and all its employees in the social security program under the Employment Social Security Agency (BPJS Ketenagakerjaan) in accordance with the applicable laws and regulations.
- Must comply with the terms and conditions applicable at the Disbursing Bank and the Financial Services Authority (OJK)
